Japan Fixed Assets short tax year issue
In Japan, we have some post acquisition assets which are falling into short tax year. However the depreciation calculation is different for that short tax period.
E.g. Asset Number # 55000
Date Place in Service# 26-Oct-2014
Fiscal Year #July-14 to Jun-15.
Asset Cost # 39952463.00
Depreciation Method# JP 200DB 3
Depreciation for Period Oct-2014 = 1331749.00
Depreciation for Period Nov-2014=1331749.00
Depreciation for Period Dec-2014=1331749.00
Depreciation for Period Jan-2015=1331749.00
Depreciation for Period Feb-2015=1331749.00
Depreciation for Period Mar-2015=1331749.00
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Depreciation for Period Apr-2015=1109791.00
Depreciation for Period May-2015=1109791.00
Depreciation for Period Jun-2015=1109791.00
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For Fiscal Year Jul-15 to Jun-16
The Depreciation for Period Jul-2015=776853.00 will be same for FY Jul-15 to Jun-16.